* Pocket Change Portfolio - December 2008

On the second or third Saturday of the month I update the Pocket Change Portfolio (PCP). The table below reconciles the PCP from beginning of period to end of period for December 2008, Year-To-Date (2008) and Life-To-Date. The Portfolio Returns line provides the calculated return for the three displayed periods.

Description	Dec-2008	Year-To-Date	Life-To-Date
Beg. Portfolio Value	2,765.38	-	-
Online Cash Receipts	677.54	3,548.35	3,548.35
Online Expenses	(74.40)	(94.40)	(94.40)
Gross Profit	603.14	3,453.95	3,453.95
Dividends	25.16	25.16	25.16
Interest Income	1.74	6.15	6.15
Subtotal	630.04	3,485.26	3,485.26
Gain/(Loss)	0.20	(89.64)	(89.64)
Ending Portfolio Value	3,395.62	3,395.62	3,395.62
Portfolio Returns	0.80%	(7.30%)	(7.30%)

Online Cash Receipts are the collected earnings from my online endeavors. Most of which is advertising on the my various blogs. The $94.40 Online Expenses relates to registering 2 domains (dividends4life.com and thediv-net.com) for $20 and $74.40 for one years hosting. I am in the process of moving my blogs from Blogger to a self-hosted WordPress platform. The Dividends line is for dividends earned in the PCP. The Interest Income line is interest earned on cash balances in an ING account I set up for the PCP. The Gain/(Loss) line is for market changes to the PCP (realized and unrealized).

During the month of December, I received a $16.80 dividend from BP and an $8.36 dividend from KO. I ended 2008 with $1,464.88 in cash. This will allow me to purchase my third stock in the PCP during the month of January. It is my goal to have sufficient earnings to purchase a stock at least once a quarter.

My PCP holdings are always available by selecting the Holdings option from the menu in the header. The next PCP update will be in early February.